Categories
Great Women in Compliance

A Conversation with Adam Balfour


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
Adam Balfour is known as a “GGIC” – a great guy in compliance, and he is also Vice President and General Counsel for Corporate Compliance and Vice President for Global Risk Management at Bridgestone America. Initially from Scotland, Adam has supported diversity throughout his career and recognizes the importance of different viewpoints as part of analyzing risk.
Adam has become known for a number of things, including his “Sunday Morning Compliance Tip,” which is on LinkedIn every week and is now being published by Corporate Compliance Insights. Lisa and Adam talk about how this passion project has grown and how a community has evolved around it. They also discuss how projects like these can enhance your professional career as well as the opportunities they can provide for people to build their networks and experiences.
Another thing Adam is known for is the philosophy of “ethics and compliance for humans,” and he explains this idea and how it applies to how he builds a program. He is also a strong advocate for women, a dad to 3 girls and one son, so he shares his advice with them.

 The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance-related offerings to listen to. If you are enjoying this episode, please rate it on your preferred podcast player to help other like-minded Ethics and Compliance professionals find it. You can also find the GWIC podcast on Corporate Compliance Insights, where Lisa and Mary have a landing page with additional information about them and the story of the podcast. Corporate Compliance Insights is a much-appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it, and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

Categories
The Hill Country Podcast

Leah Oliver on Hair as a Canvas

Welcome to the award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits the people and organizations that make this the most unique area of Texas. Join Tom as he explores the people, places and activities of the Texas Hill Country. In this episode, I visit Pop Hair Art stylist Leah Oliver on her views of hair as her canvas for the creation of art. Highlights include:

·       The Pop Hair Art Mentorship Program.

·       Her endless curiosity.

·       How Leah views hair as a canvas to create her art.

·       Her passion for painting?

·       Her dream of her art studio one day.

Resources
Pop Hair Art

Categories
Compliance Into the Weeds

Compliance Craziness

Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. In this episode, we deep dive into some recent crazy stories involving CCOs, compliance professionals and the compliance function.  Highlights include:

·      New CCO at Facebook and the results.

·      Did Penn State CCO engage in retaliation, discrimination and harassment?

·      Is a contract non-renewal retaliation?

Resources

Matt in Radical Compliance

Categories
Daily Compliance News

June 15, 2022 the Nigeria Loses Edition


In today’s edition of Daily Compliance News:

  • US, UK to collaborate in ComTech award for AML. (WSJ)
  • ESG in credit agreements. (Reuters)
  • Nigeria loses $417bn suit against JPMorgan. (NYT)
  • Schwab settles with SEC. (NYT)
Categories
Blog

DEI and Compliance

Welcome to a special five-part blog post series on the New Traliant, sponsored by Traliant, LLC. Over this series, we will discuss key issues that Traliant is helping to lead and define the online training industry in going forward. I will visit with John Arendes, Chief Executive Officer (CEO), on what is new at Traliant and what the Department of Justice (DOJ) has communicated to the compliance community regarding its expectations around online training and communications; Maggie Smith, Vice President of Human Resources, on the role of diversity, equity and inclusion (DEI) in your corporate environmental, social and governance (ESG) program; and Scott Schneider, Head of Content Development, on your Code of Conduct and anti-corruption training. In Episode 3, I visit with Maggie Smith to discuss the intersection of DEI and compliance.
Smith began that DEI in the workplace is a step past non-discrimination and it is seen as taking things beyond simply “checking the box” to follow the law. She believes the business argument for DEI is that a diverse team allows for better problem solving, better decision-making, more innovation, creativity, and ultimately more success. It is also about ensuring that your organization is about “accepting diverse workers and making them feel included.”
She sees inclusion as one step beyond diversity. She described it as “we’re having this party, we will invite you to the party, but inclusion is, do you want to join us and dance at this party?” A company can have this type of approach to creating a diverse and inclusive culture by considering all the processes that DEI touch. At Traliant one of the ways the organization does so is making sure that we hire not for just a culture fit, and by bringing in different people and then making sure that we’re giving them a voice throughout the process throughout their entire employment. Smith went on to explain that DEI goes beyond a ‘culture fit’ by creating a ‘culture ad’. She noted that culture fit could really be a mirror of our biases, as we are comfortable around people who share our demographics, our same socioeconomic background identities. It could be termed as a “mini-me”. Culture ad moves you to considering “what can this person add to our culture instead of simply asking do they fit into our current culture?”
Smith went to say that by using such an approach you can also facilitate a true speak-up culture at your organization. The power is that you get so many great ideas that may be overlooked. But you have to build trust. Your organization must really work hard to consistently create a psychologically safe workspace where people will feel comfortable speaking up. You can begin with an anonymous inbox, where employees could message through a website that preserves their anonymity with any questions. From there you can move to town hall meetings where employees are trustful enough to raise questions.
If questions are raised, the HR Department or compliance function needs to promptly review and potentially investigate a matter. From there, you should take corrective actions when needed and you absolutely must close the feedback loop with employees. Even if the response to a suggestion is that it cannot be implemented now, employees will respect your speak-up process. Smith termed it “closing the feedback loop.”
It is this entire system of feedback, from employee to employer and back, creating a system of trust which can be such a powerful driver of culture in an organization, through embracing DEI. This system of trust allows someone to literally raise their hand and speak up. From there, employees trust that their comments will be fairly evaluated and trust the company to use that information. Whether it is an investigation or looking at doing something a different way, an employee has trusted that the people who were told will get back to them in some form. This creates a dialogue that can be ongoing to benefit the entire organization.
Join us for our next episode where we look at Code of Conduct training.
Check out the full podcast with Maggie Smith here.

Categories
The Compliance Life

Joya Williams-Compliance at Weatherford and Transocean

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, I take things in a different direction as I host my first non-CCO compliance professional, Joya Williams and detail her journey in compliance.

Joya moved from Baker Hughes to Weatherford and then Transocean where she held different compliance roles which brought depth and scope to her compliance resume. She details some of the key relationships she had at each organization and how those relationships continue to bear fruit in her compliance work up through today. She also details some of the key lessons learned at each stop. She discusses getter her BA and being an Adjunct Professor at San Jacinto College in Pasadena TX.

Resources

 Joya William LinkedIn Profile

Categories
Greetings and Felicitations

Ulysses at 100-Lessons for the 21st Century Compliance Professional-Leopold Bloom


Matt Kelly once challenged me write a blog post for Bloomsday. Well aware of my great love for Joyce’s magnum opus, I accepted the challenge. This year is the 100th anniversary of the publication of the book. To celebrate this event, James Joyce novel at 100 and the compliance profession, I have decided to do a 5-part podcast series on Ulysses. Over this podcast series, I will highlight some of the book and commentary and tie what Joyce, Dublin, Leopold Bloom and his wife Molly, together with his mentor Stephen Daedalus can teach the modern compliance professional. I hope you will join me in the short celebration and trip through Dublin 1904 for the 100th anniversary of Bloomsday. In Part 2, Leopold Bloom and the passion for compliance.
Compliance Quote-Kristy Grant-Hart-“As an aggregate, the compliance profession is changing how business is done, and therefore changing the world. We are part of a movement that is palpably shifting the landscape for so many, especially in the developing world. It’s such an exciting experience and I am proud to be a part of it.”
Resources
The Teaching Compliance-James Joyce Ulysses, by James Heffernan
“Ulysses” and the Moral Right to Pleasure by Dan Chiasson in the New Yorker

Categories
Innovation in Compliance

Compliance Insights from Traliant: Episode 2-John Arendes on What the DOJ Wants

Welcome to a special five-part podcast series on compliance insights, sponsored by Traliant. Over this series, we will discuss key issues that Traliant is helping to lead and define the online training industry in going forward. Over this five part series I will visit with  John Arendes, Chief Executive Officer (CEO) at the company on what is new at New Traliant and what the Department of Justice (DOJ) has communicated to the compliance community regarding its expectations around online training and communications; Maggie Smith, Vice President of Human Resources at Traliant on the role of DEI in your corporate ESG program; and Scott Schneider, Head of Content Development at Traliant on your Code of Conduct and anti-corruption training. In this Episode 2, I visit with John Arendes on DOJ communications around its expectations for training.  Highlights include:

  • In DAG Lisa Monaco’s October 2021 speech, she said the DOJ would focus on corporate culture as a key indicia of compliance.
  • The DOJ has made clear that while longer form online training is satisfactory, they expect companies to develop short, direct compliance training for employees.
  • Since the release of the Evaluation of Effective Compliance Programs, the DOJ has mandated, effective and targeted compliance training.

Resources
Traliant Website
John Arendes on LinkedIn

Categories
Innovation in Compliance

Creating a Safer Compliance Ecosystem with Eva Pittas


 
Eva Pittas is the co-founder and COO of Laika, a company that helps other companies manage compliance, obtain security certifications, and build trust with enterprise customers. Tom Fox welcomes her to this week’s show to talk about Laika and how it helps its clients.
 

 
The Birth of Laika
Eva began her professional life running IT risk and control for Citigroup and even worked there after the financial crisis of 2008. She was an integral part of the strong response to counteract the economic collapse. She joined the fintech industry in 2014, as she saw the growth happening in that space. She noticed that many companies “needed to get through with vendor procurement but they did not know what those processes would look like, what diligence would be, or what the security requirements were.” She started her consultancy boutique, BRCG, to provide answers to these questions. Working in the fintech space emphasized the importance of audits. Laika was born as a compliance solution for the rise of the cloud and to address the lack of expertise in information security and compliance guidance for companies. 
 
The Complete Compliance Solution 
Tom asks Eva about their typical clients and to describe the complete compliance solution. Eva says that most of their clientele are small to medium-sized innovative technology companies that are looking to introduce a holistic compliance program. She explains, “Compliance is not very straightforward….. it requires an interpretation of a standard, of a rule, of a regulation and how to apply that to your business.” Compliance programs have to evolve constantly to meet new compliance standards. Laika provides a customizable solution based on your compliance needs. 
 
What Makes Laika Special
Eva explains that what makes Laika stand out from other companies is that they have the expertise for all these recognized requirements. She states, “What Laika does is provide expert guidance and various subject matter experts that are a part of our solution that helps companies implement and maintain compliance.” Laika University facilitates this learning process.  
 
Women In Tech 
Eva emphasizes that women belong in the technology industry, no matter their background. “Technology is not in the future – it’s here,” she says. She encourages more women to enter the space, as you do not need a technological background to break into tech – several non-technical jobs are being created every day. 
 
Resources 
Eva Pittas | LinkedIn | Twitter   
Hey Laika  
 

Categories
Daily Compliance News

June 14, 2022 the Even for Illinois Edition

In today’s edition of Daily Compliance News: